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Nutmeg the UK digital wealth manager picks up further 30M funding Nutmeg the U.K. digital wealth manager (and an early entrant into the space) has picked up 30 million in further funding bringing the total raised to just shy of 60 million over the last 5 years. Leading the round are Hong Kong-based independent financial advisory firm Convoy which is investing 24 million. Nutmegs existing backers including Schroders Balderton Capital Pentech Armada Investment Group and Nigel Wray also…

Nutmeg spices up wealth management: “Before Nutmeg, personal wealth management was only available to people with £250,000 or more. Everyone else had to use DIY platforms and complete investment analysis and asset selection themselves. This was a problem: not everyone with less than £250,000 has the time or knowledge to decipher the implications of a Fed rate hike on Japanese equities”.